Describe chinas relations with the united states and the soviet union

Share to Twitter Share to Linkedin China’s launch of the digital yuan has prompted a scramble in Northeast Asia among central banks to assess the merits of CBDCs. Japan, South Korea and Taiwan are all at different stages of CBDC testing that they likely never would have begun if it were not for Beijing’s determination to develop a digital fiat currency. That begs an important question: Does the rest of Northeast Asia need CBDCs? After all, the respective initiatives of Japan, South Korea and Taiwan are inherently reactive, in contrast to Beijing’s proactive approach. The People’s Bank of China (PBoC) created the e-CNY for specific reasons that speak to long-term strategic objectives of the central government: domestically, to strengthen resilience in a payments ecosystem dominated by Big Tech (Alipay and Tenpay) and gain greater control over the digital money supply, while in the cross-border space the aim is to gradually boost the renminbi’s global reach … [Read more...] about Why Northeast Asia-Ex China Is Ambivalent About CBDCs

Hillary Clinton’s newest campaign promise to install half a billion solar panels across the country has been praised by liberal media outlets and environmentalists , but could this pledge end up benefiting China? On Sunday, Democratic presidential candidate Hillary Clinton promised to install half a billion solar panels by the end of her first term and get the U.S. to a point where it can generate enough green energy to power every home in the country. “Through these goals, we will increase the amount of installed solar capacity by 700% by 2020, expand renewable energy to at least a third of all electricity generation, prevent thousands of premature deaths and tens of thousands of asthma attacks each year, and put our country on a path to achieve deep emission reductions by 2050,” Clinton’s website boasts . While there’s no doubt U.S. companies and green energy interests would benefit from the “competitive grants and other market-based incentives” Hillary promises to … [Read more...] about Will Hillary’s ‘Half A Billion Solar Panels’ Promise Send Billions To China?

Share to Twitter Share to Linkedin A food blogger in China has been fined 125,000 yuan ($18,500 USD) by government authorities after posting a video of her buying and eating a great white shark ( Carcharodon carcharias ), an animal that is protected under Chinese law. The video, posted on the social media sites Douyin and Kuaishou, came with extreme backlash online from viewers. In it, a woman identified as “Jin,” by officials but who goes by “Tizi” in her videos, went to a shop to pick out a 2 meter (6.6 foot) white shark from a shop, posing with it by lying on the floor, and then later cooking and eating the animal. While the video posted in July, officials in the southwestern province of Sichuan came out with a statement over the weekend confirming that the woman had broken the country’s wildlife protection laws. Officials from Nanchong stated that “Jin” paid for the great white shark through Alibaba Group Holding Ltd.’s Taobao shopping site back … [Read more...] about Food Blogger Heavily Fined For Eating Great White Shark

The government should have a central law to regulate the online gaming sector, and the first step towards this front is treating these apps as intermediaries, Union Minister of Electronics and Information Technology Ashwini Vaishnaw said in the Lok Sabha on February 8. “We as responsible lawmakers should come with a central act, which basically has been drafted in consultation with everybody and that act should be effectively regulating the online games and online gambling,” he said. “Already 19 states and Union territories have passed their own laws. Seventeen states have actually amended the Public Gambling Act, 1867, and introduced the online gambling elements within the act,” the minister said. The government had designated the Ministry of Electronics and Information Technology (MeitY) as the nodal ministry for all online gaming related matters in December 2022. Subsequently, on January 2, 2023, MeitY proposed a self-regulatory mechanism, mandatory verification of … [Read more...] about India should have a central law on online gaming: IT minister Ashwini Vaishnaw

Share to Twitter Share to Linkedin InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here . C VS Health announced its plans to acquire Oak Street Health in a $10.6 billion deal on Wednesday, as the pharmacy retailer and parent company of health insurer Aetna looks to expand its reach into primary care. As Forbes senior contributor Bruce Japsen writes , the move comes amid a broader primary care clinic buyout wave by other retailers. This includes Amazon’s $3.9 billion bid for One Medical in July and investments by Walgreens Boots Alliance and health insurer Cigna in VillageMD. The deal values Oak Street at $39 per share, which is 16% above the $33.68 share price at Tuesday’s market close. The Chicago-based company, which employs 600 primary care providers across 169 medical centers, enters into value-based contracts with insurers to manage the care of seniors in the Medicare program. The company … [Read more...] about InnovationRx: CVS Bid For Oak Street; Plus, Covid Strains In Beijing

Choi Ji-Man talks to reporters at Incheon International Airport in Incheon on Jan. 8. [NEWS1] Choi Ji-man has been dropped from the Korean team for World Baseball Classic 2023 after his MLB team, the Pittsburg Pirates, objected to his participation on medical grounds. Choi, the most seasoned Korean batter playing in the big leagues, was named to the Korean squad for the tournament last month. With previous Korean rosters often overlooking players without any KBO experience, Choi had never been called up to represent Korea before. “I feel hungry because I have never put on a Taeguk mark before,” Choi Ji-man told reporters at Incheon International Airport on Jan. 8 before he departed to the United States for the MLB preseason. The Pirates opted to block Choi Ji-man's participating on medical grounds as he is still undergoing rehabilitation following elbow surgery last year. Korean national baseball team manager Lee Kang-chul replaced Choi Ji-man, a first baseman, with SSG … [Read more...] about Choi Ji-man dropped from Korean roster for World Baseball Classic

Share to Twitter Share to Linkedin Topline: As the United States enters recession territory and investors say goodbye to an 11-year bull market, comparisons to the Great Depression—the worst economic downturn in American history—are inevitable, but how does that comparison actually stack up? Unemployment Peak unemployment during the Great Depression reached a staggering 24.9% in 1933, according to the Bureau of Labor Statistics ; in 1929, just four years prior, unemployment was just 3.2% . This past February, the unemployment rate was 3.5%, according to the Bureau of Labor Statistics (that number does not take into account the coronavirus-related layoffs that have ramped up in earnest this month). Unemployment hasn’t risen above 4% since February 2018. Federal Reserve Bank of St. Louis President James Bullard told Bloomberg that the U.S. unemployment rate could hit 30% next quarter while last week, Treasury … [Read more...] about The Great Depression Vs. Coronavirus Recession: 3 Metrics That Will Determine How Much Worse It Can Get

Share to Twitter Share to Linkedin (Updated: April 15, 2020. And if you’re looking for specifics about high school and college students, check out this piece .) As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, the Senate passed a massive stimulus package (the House voted yes, too) and the CARES Act was signed into law. A key feature of the stimulus is individual checks. As with anything tax-related, there’s a little bit of confusion. To help you sort it out, here are a few questions and answers: When will I get my check? Checks are supposed to be produced “ as rapidly as possible. ” They began being distributed in mid-April. One thing that is true: if you use direct deposit, you’ll get your money faster. You can find out more here . How big will my check be? Checks will be $1,200 per adult - or $2,400 for married couples filing … [Read more...] about All You Wanted To Know About Those Tax Stimulus Checks But Were Afraid To Ask

Does anyone give a worse speech than President Joe Biden? That alone should make us hope he doesn’t run again. His State of the Union speech was awful! But that was not unexpected. There were of course, the polite platitudes: “Mr. Speaker, I look forward to working together.” Ha! Can he really be looking forward to working with Speaker Kevin McCarthy! Not likely, but that’s just the obligatory politeness — and gives the audience a chance to get used to the sound of his voice. (RELATED: BASTASCH: You Might Have Missed This, But Biden Just Made A Stunning Admission About His Energy Agenda) Some of what he said was just ordinary political jaywalking: “Two years ago, COVID had shut down our businesses, closed our schools, and robbed us of so much.” Well, not exactly. COVID didn’t shut our businesses: people did—people in government, people we call politicians. And then some brave politicians looked at the facts and reopened their states, e.g., Governor Ron DeSantis. But then … [Read more...] about DANIEL OLIVER: The Simply Terrible, Unimaginably Awful Biden Speech To The Nation

As of now, corporates are going for clean electricity as step one, but eventually there will be other opportunities to decarbonise their entire operations, said ReNew Power MD Sumant Sinha The incentives and subsidies being planned by other countries for green hydrogen manufacturing are going to pose a stiff challenge for India if it does not review its strategy, said ReNew Power’s chairman and chief executive officer (CEO) Sumant Sinha. In an exclusive interview to Moneycontrol at the India Energy Week 2023 in Bengaluru, Sinha also said that from focusing only on renewables, the company now intends to also help corporates with their decarbonisation strategies. Edited excerpts from the interview: At the India Energy Week’s inaugural ceremony, the prime minister said going ahead, India's energy growth would be the highest in the world. We have done a lot of things in different segments of energy, whether it's hydrocarbons or clean energy. What are the gaps that still … [Read more...] about India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power